Taxing Consumption in a Global Economy - Paperback

by Harry Grubert (Author), Scott T. Newlon (Editor)

This essential and timely analysis from tax scholar Harry Grubert explores how a shift from income tax to consumption tax could reshape the US tax system, examining capital inflows, multinational business, financial services taxation, labor supply, and international transactions, and offering a clear-eyed look at what simplified tax reform could mean for economic policy and the future of the global economy.

The authors consider capital inflows into the United States and the likely consequences of a simplification of the taxation of international transactions.